Economy

JPMorgan and BofA Boost Trump Accounts

Felipe Cardona January 28, 2026

Banks Expand Participation in Federal Child Savings Initiative Major U.S. financial institutions are expanding their role in a federal pilot program designed to encourage long-term savings from birth, as JPMorgan Chase and Bank of America confirm they will match a $1,000 government contribution for eligible employees’ children. The initiative centers

GM Boosts Dividend, Announces $6 Billion Buyback

Felipe Cardona January 27, 2026

General Motors delivered a strong financial signal to markets after surpassing earnings expectations and unveiling a new package of shareholder-friendly measures, reinforcing confidence in its medium-term strategy despite ongoing restructuring and shifting priorities in electric vehicles. The Detroit-based automaker outlined expectations for another year of solid performance, pairing forward-looking guidance

EU Probes X Over AI Image Abuse Concerns

Felipe Cardona January 26, 2026

AI-generated content triggers regulatory escalation European regulators have significantly escalated their scrutiny of Elon Musk’s social media platform X after its AI chatbot, Grok, was found to generate sexually explicit images, including content involving minors. The investigation, led by the European Commission, marks one of the most consequential enforcement actions

Jamie Dimon Defies Trump as Wall Street Faces Political Pressure

Felipe Cardona January 23, 2026

For much of the current political cycle, Wall Street’s most powerful executives have followed an informal rulebook when it comes to President Trump: avoid confrontation, remain publicly neutral, and protect shareholder value by staying out of political crossfire. That strategy largely held until recent policy proposals directly threatened the core

Trump Sues JPMorgan Chase for $5B Over Debanking Claims

Felipe Cardona January 22, 2026

President Donald Trump has filed a $5 billion civil lawsuit against JPMorgan Chase and its chief executive Jamie Dimon, alleging that the nation’s largest bank unlawfully closed his accounts for political reasons. The case, filed in a Florida state court, represents a significant escalation in Trump’s long-running confrontation with major

Trump Pushes 10% Credit Card Rate Cap

Felipe Cardona January 21, 2026

President Donald Trump has renewed pressure on U.S. lawmakers to enact legislation that would impose a 10% credit card interest rate cap, framing the proposal as a temporary measure aimed at easing the financial burden on American households. Speaking during an appearance tied to global economic discussions, Trump criticized prevailing

Trump Energy Pledge Faces Rising Power Costs

Felipe Cardona January 20, 2026

One year after pledging to cut household energy bills by 50%, the real-world impact of U.S. energy policy presents a sharply divided picture. While gasoline prices have declined, electricity costs continue to rise across most regions, placing financial pressure on millions of households. The gap between campaign rhetoric and market

Trump Tariffs Trigger EU “Trade Bazooka” Warning Over Greenland

Felipe Cardona January 19, 2026

Growing trade tensions between the United States and Europe have escalated rapidly after President Donald Trump announced a new round of tariffs targeting several European countries, a move that has revived fears of a broader transatlantic trade conflict. The dispute, tied politically to Greenland and strategically to market access, is

Trump Signals Fed Chair Shift as Warsh Emerges Front-Runner

Felipe Cardona January 16, 2026

President Donald Trump has reshaped expectations around the next leadership of the Federal Reserve after signaling that he prefers to keep his top economic adviser, Kevin Hassett, in his current White House role. The comments, delivered during a public appearance, immediately altered market perceptions and strengthened the position of former

Goldman Sachs Profit Jumps on Strong Trading

Felipe Cardona January 15, 2026

Goldman Sachs delivered a stronger-than-expected profit performance, underscoring the resilience of its Wall Street–focused business model as trading activity and asset and wealth management outpaced market expectations. The bank posted net income of $4.62 billion, equivalent to $14.01 per share, reflecting a 12% increase from the prior year despite a

How the 1994 FIFA World Cup Transformed Soccer in the United States

Sarah Olivella May 9, 2026

A niche sport that found its defining moment For decades, soccer was widely considered a marginal sport in the United States, overshadowed by American football, baseball, and basketball. That perception began to shift dramatically with the arrival of the 1994 FIFA World Cup. The tournament opened with a powerful signal

U.S. Industry and Diplomatic Leaders Strengthen Strategic Alliance at CEA General Assembly in Bogotá

Sarah Olivella May 9, 2026

High-Level U.S. and Colombian Leaders Convene to Economic Cooperation BOGOTÁ, Colombia — April 29, 2026 — In a significant demonstration of strengthening economic and industrial ties between the United States and Colombia, leading executives, diplomats, and representatives of American enterprise gathered during the General Assembly of the Colombian-American Enterprises Council

Hantavirus Contact Tracing Effort Expands Across Multiple Countries

SMGN Publishing May 9, 2026

Public health officials across several countries are intensifying efforts to track and monitor passengers connected to a suspected hantavirus outbreak aboard the MV Honius cruise ship. This follows after dozens of travelers dispersed internationally before the illness was identified. In light of this situation, hantavirus contact tracing has become a